Pandya Consulting is an Accounting Services, Tax Services, Payroll Services and Consulting Services Provider
   
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Accounting Services
Accounting Services Provider
Pandya Consulting is a leading professional Accounting services provider includes tax accounting and consulting firm....
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Payroll Services
If you'd prefer to focus on growing your small business more willingly than on the tedious tasks of payroll, consider our payroll services.
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Tax Services
Tax minimization is our ultimate concern and we will help you devise strategies to meet that most important objective.
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Consulting Services
Professional services which employ the practitioner's technical skills, education, observations, experiences, and knowledge
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Tax Services

Tax services: By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. So, we have to make ourselves updated with latest tax laws, tax planning and tax services that can be provided by various companies, tax consultants or agents. We provide our individual or business clients with the taxation expertise that they deserve throughout the year.

When you prepare a federal return with our company, we are giving you the power to prepare complex income tax returns, also including your resident and non-resident state tax returns, and city income tax filings. During tax season, our U.S.-based tax experts are standing by 24/7 to answer your tax questions.

According to top tax executives across the United States, the most important attributes of a tax advisory firm are service responsiveness, the ability to implement proposed solutions, a reputation for quality and how deeply it understands your business.

  • Tax Planning & Return Preparation:

Tax planning and return preparation form a winning combination for our
Successful individual and business clients. Whether you are an individual or a Multi-tiered partnership, our experienced staff can develop tax strategies that take advantage of new tax laws and legislation.

Outsourcing tax-compliance work overseas can enable our company to focus on higher-margin services such as tax consulting, to reduce labor costs, and to increase the speed of tax-return processing.

  • Individual and corporations & Partnerships:

#Individual: If you would like us to prepare your individual tax return, we offer knowledgeable, professional and affordable service for resident and nonresident alien foreign nationals and expatriate United States residents. We will carefully consider benefits and filing elections to minimize your tax obligation and maximize your refund while keeping in full compliance with U.S. tax laws.

Our main area for individual tax at a glance:

  • Fiscal qualification and optimization of equity based incentive plans   for national and international tax purposes
  • National and international social security consulting (contributions   and benefits)
  • Lump-sum taxation
  • Approval of business expense reimbursement schemes

#Corporations: Corporation tax is paid by the limited companies on their profit. Corporation tax is not payable by the self-employed. Some organization does apply this tax, even if they are not limited companies:

  • Members’ clubs, societies and associations
  • Trade associations
  • Housing associations
  • Groups of individuals carrying on a business but not as a partnership, e.g. co-operatives.

  
For leading companies, analyzing global effective tax rates isn’t the end game. Creating competitive advantage by incorporating the tax perspective in all business objectives and decisions is.

#Partnerships: A partnership us a relatively simple and flexible way for two or more people to own and run a profit-making business together.

The profits are shared amongst the partners. Individual members of the partnership are each personally responsible for paying income tax on their share of these profits.
         
It may be possible for partnership members to be companies rather than individuals. If so, they must pay corporation tax on their profits from the partnership, and should include the profits on their self assessment return for corporation tax.

(c) LLC’S and LLP’S:

LLC: Limited Liability Company is some different type of business entity. An LLC is an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.
         
LLC offers the following advantages:
         
1. Limited Liability: Liability is limited to the amount of
Capital which the member has invested in the LLC.
2. Pass-Through Taxation: The earnings of an LLC are only taxed once.
3. Flexible Management Structure and Flexible Ownership: LLC can establish any organizational structure, if all its members are agreed.

Like the owners of sole proprietorships and partnerships, LLC owners report business income and losses on their personal tax returns.

While the owners of a corporation are referenced as shareholders or stockholders, the owners of a limited liability company are often referenced as "members".

LLP:  Limited Liability Partnerships (LLPs) are a new type of corporation. LLPs will be of use to professional clients for structuring their own practice with limited liability. They can be used for any type of business, provided there are at least two members.

LLPs give the proprietors the benefits of limited liability whilst allowing the business to take advantage of the structure and taxation regime of a traditional partnership.
It is now also possible to incorporate a limited liability partnership (LLP), maintaining many of the characteristics of a general partnership but with the protection of limited liability against creditors of the partnership. This benefit is coupled with certain regulatory public filing requirements which are not imposed on a general partnership.

Profits are shared amongst members of a limited liability partnership (LLP), and individual members-not the LLP- pay income tax on these profits. Unlike limited companies, LLPs don’t have to pay corporation tax.

  • Non-Profit Organization: An organization not conducted or maintained for profit, whose net earnings are devoted exclusively to charitable, educational, or recreational purposes. Includes associations, community groups, non-government organizations and political campaign organizations established to influence legislation or elect a candidate for public office. Only non-profit moving image organizations that are not defined specifically as an organization type are included here. An enterprise formed with a profit motive, i.e. Charitable, Civic, or Cultural Organizations such as the American Red Cross, United Way, etc.

In many countries, nonprofits may apply for tax exempt status, so that financial donors may claim back any income tax paid on donations, or deduct from their own tax liability the amount of the donation, and so that the organization itself may be exempt from income tax and other taxes. Only limited types of tax exempt, non-profit organizations offer to donors the advantage of deductions for the amount donated.

  • Tax- Effects of Buying and Selling Effects: Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our competent staff has experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations.

         
After you sell your business, the amount of tax you owe will depend on the internal structure of your company and how you structure the sale. If you plan wisely you can minimize your tax liability. Remember that the rate at which you're taxed depends on the character of the gain. The tax rate on capital gains is less than the tax rate on ordinary income.
         

Everything you need to know about buying or selling a business, from brokers to valuation to negotiating the deal. Save money, time, and energy by doing your research here before you buy or sell.

 
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